Rhode Island General Laws 27-48-1. Short title
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This chapter may be known as the “Business Transacted with Producer Controlled Insurer Act.”
History of Section.
P.L. 1992, ch. 445, § 9.
Terms Used In Rhode Island General Laws 27-48-1
- controlled: has the meaning ascribed in § 27-35-1. See Rhode Island General Laws 27-48-2
- insurer: means any person, firm, association, or corporation duly licensed to transact a property or casualty insurance business in this state. See Rhode Island General Laws 27-48-2
- Producer: means an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, that person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation. See Rhode Island General Laws 27-48-2